REG-Wood Group (John)PLC: Disposal of AFW’s North American nuclear operations <Origin Href="QuoteRef">WG.L</Origin>

John WoodAnnouncement

06/11/2017 07:05

John Wood Group PLC (“Wood”)

Disposal of Amec Foster Wheeler’s North American nuclear operations

Further to Amec Foster Wheeler’s announcement on 30 June 2017, Wood has
today entered into an agreement to sell its North American nuclear operations
to Kinectrics Inc.  Cash consideration for the transaction is approximately
C$10m after adjustments for defined benefit pension related debt and subject
to closing adjustments.

The business being sold consists of Amec Foster Wheeler’s nuclear operations
in Canada and the US together with a small operation in Romania.  The
transaction in respect of Canadian and US operations is expected to close in
the fourth quarter of 2017 subject to competition clearance in Canada.  The
Romanian disposal is expected to close early in 2018, subject to regulatory
approval in Romania.

Note to Editors:

About Wood:

Wood is a global leader in the delivery of project, engineering and technical
services to energy and industrial markets. We operate in more than 60
countries, employing around 55,000 people, with revenues of over $11 billion.
We provide performance-driven solutions throughout the asset life-cycle, from
concept to decommissioning across a broad range of industrial markets
including the upstream, midstream and downstream oil & gas, chemicals,
environment and infrastructure, power & process, clean energy, mining and
general industrial sectors. We strive to be the best technical services
company to work with, work for and invest in. http://www.woodplc.com/

About Kinectrics:

Kinectrics is an integrated lifecycle management services company providing
testing, inspection, certification and engineering consulting for the electric
power generation, transmission and distribution markets worldwide. Kinectrics
helps keep the electric power industry’s construction and refurbishment
projects and existing operations running smoothly and to specification through
its independent laboratory and testing facilities, a diverse fleet of field
inspection equipment and an award-winning team of over 400 engineers and
technical experts. From initial type testing for installation and compliance
to operational inspection and maintenance services, Kinectrics collaborates
closely with customers to ensure that utility assets perform safely, reliably,
and efficiently throughout their entire lifecycle.  www.kinectrics.com

Enquiries:

Wood
Andrew Rose, Head of Investor Relations
                            Tel: +44 (0)1224 532716

Brunswick (Public Relations Adviser to Wood)
Patrick Handley         
                                                           
Tel: +44 (0)20 7404 5959  
Charles
Pemberton                                 

John Wood Group PLC LEI: 549300PLYY6I10B6S323



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